tv CNN Newsroom CNN December 9, 2012 1:00pm-2:00pm PST
that's going to be good for buyers who have been waiting for these prices to bottom out. longer term prospects also give me real hope. we're in the midst of a domestic energy boom that's going to fuel the u.s. for years to come. that all depends on america playing it's cards right and for that we need a deal on the fiscal cliff. thank you for joining us on the conversation on "your money." have a great weekend. hello, thank you for joining us. i'm allison cossack, fredericka whitfield is off. president and house speaker john boehner met today at the white house. we're not getting details yet as to how those negotiations went, except to stay that the lines of
communications remained open. both sides of the fiscal cliff negotiations are much closer than you may think despite what law makes say publicly. jackie calms of the "new york times" picked up on something that lawmaker tim cole said recently. >> the republicans should just declare victory and taking the 98% of the tax cuts that they agree on and work next year on tax reform and see if they can't get the top rate back down again. it's hard to think that that's not where they're going to end up so why not make it clean instead of ugly. >> i think it's true that many people are saying privatery what tom cole said publicly on the show. but they believe that the politically right thing to do right now is to cut that you are losses, let tax rates go up for
the most wealthy and really try for significant tax reform so that 39.6% is going to be mute. >> so the good news is that negotiations do continue, there was a meeting today between president obama and house speaker john boehner. that happened at the white house today, we are frying to get more details, we're trying to get our white house chief correspondent jessica yellin on the phone and when she gets more details we'll bring it to you. do you really know how much the extra taxes are going to cost you? lisa sylvester does the math. >> reporter: at the whit low's on wilson restaurant in arlington, sa virginia there,'s plenty of food and drink, but there's something else cooking up. co-owner jonathan williams worrying about the government's fiscal cliff. >> there's a real correlation, people have jobs they spend money, if people are worried about losing their jobs, or don't have a job, they're not going to go out that much, they're going to cook at home or stay home.
>> reporter: just a couple miles in the pentagon, many of the people here work directly for the defense department and it's contractors. the defense industry is facing $125 billion of direct -- in addition several key tax ben fis are scheduled to expire at the end of the year that will have a direct impact on the pocket books of many americans. take a couple with one child in new york earning $100,000. their tax rate jumps from 25% to 28%. they could be hit by the alternative minimum tax. the child tax credit drops from $1,000 to $500 and payroll taxes could be $2,000 more next year. for a single 25-year-old in michigan who works full-time earning $30,000 a year going to school part-time, his tax rate would stay the same at 15%. but he would lose the american education tax credit and have to pay more than $600 in payroll
taxes. and even though it's weeks before the changes would take effect the impact is already being felt because of uncertainty. 401(k) plans are taking a hit. companies are putting freezes on hiring. and the retail sector which makes most of its money in the final weeks of the year. black friday is over and people are just hoping it doesn't turn into bleak friday. >> trying to be penny wise and not dollar stupid. >> the national retail federation did a survey that 64% of americans are watching closely the negotiations in washington over the fiscal cliff and that a lot of consumers are taking a wait and see approach, reluctant to go on a spending spree. okay, i know you've got them, you've got questions about the fiscal cliff, so get them to me by tweeting them to me at my handle at allisoncossack and we'll handle as many as we can during our 5:00 hour.
now to the latest on that tragic story out of britain. the investigation continues into the apparent suicide of a nurse at the hospital where the duchess of cambridge is being streeted. she took a prank phone call from two radio deejays -- he called the whole thing truly tragic and also said that we are anxious to review the results of an investigation. the family of the nurse posted about her on facebook. her daughter wrote simply, i miss you, i love yochlt. this dallas cowboys took the field against the cincinnati bengals without two players, linebacker jerry brown jr. was killed early yesterday when the car he was riding in hit a curb at high speed in irving, texas. police say the mercedes went 900 feet, flipped and caught fire. police say that nose tackle josh brent was pulling brown out of the car when they arrived.
brown was killed and brent was under the influence. >> mr. price brent was asked to perform some field sobriety tests. after he pchbled those field sobriety tests, along with our officer's observations and the conversations they had with him, brent was taken into custody for driving under the influence. and update to last week's tragedy that shocked the kansas city chief. the first dash cam video here shows police talking to belcher after they found him apparently sleeping in his car. he was not arrested and belcher told police he was going to an apartment to see a woman. listen to what police told him in this video released by kansas
city police. >> you live right here? then you just need to go upstairs, dude. >> okay, that's going to be your best bet. >> we're trying to cut you a break here. >> now i want you to look at the second dash cam video from just five hours later. officers are responding to a second 911 call and at that moment, belcher had apparently already shot his wife and was on his way to shoot himself in front of his coach and fellow players. >> we do have a confirmed shooting and it is um the believe, belcher who plays with the chiefs. it's the holiday season, but the fiscal gift from washington may end up leaving you with the bill and it could be a biggie. and former south african nelson mandela is still in the
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national minuora. thousands of people are lining up there for the big event. the minor is called the world's largest. the lighting ceremony began under president jimmy carter in 1979. everythi everybody's gathered there waiting for it to be lighted. 23 days, yes, 23 days we're going to hit that fiscal cliff we all have been talking so much abouted ed ad nauseam. the president and john boehner met to discuss the crisis. a deal is needed to avoid an automatic tax increase and spending cuts for just about everyone. you know what, this has got to
be the biggest game of political chicken since the debt ceiling debacle last summer. >> and no one wants it to be a debacle and that's why it's a game of chicken. barack obama knows he just won the election so he can pretty much win this argument so right now it's a lot of posturing, a lot of chest beating, but we're all going to have a happy christmas because they're going to work this out before they go off the fiscal cliff i don't think east party wants -- on their backs if he we go off this cliff, payroll taxes go up and republicans would actually take the brunt of it. >> congressman tim cole of oklahoma said this about the situation, listen to what he said and then i'll get your take on it. >> some of our people think if we just dig in and hold strong, we can stop it, that's not is case, it happens automatically. you have to two something and
going something requires the cooperation of the senate which is democrat run and the signature of the president. so we're not going to get 100% of what we want, but we can get a lot. john boehner is trying to focus this where it belongs and that's on spending restraint and excitement reform because this revenue won't come close to dealing with our fiscal problem. >> does this mean that president obama sort of holds all the cards not just with spending cut, but on the tax cuts as well? >> all of these i'm going to stand my ground, they're not working anymore. these pledges, they're not working right now. a lot of them are going to recognize they can't get a big victory right now. >> let's look at a "washington post" poll, it shows who americans where really going blame if we got off the fiscal cliff. 53% say republicans in congress, 27% say president obama.
17% say it's both. what do republicans have in this battle? they really don't have much leverage, do they? >> the democrats faced the same thing in 2000, when george w. bush got elected, they realized they were going to have to scale back and do what he wanted hem to do. they're going to ask for entitle been reform. >> and this is going to happen on december 31st at 11:59? >> boehner and obama are meeting today for a reason because they know they have to do the chest beating inside and out. please, obama's begging, boehner's begging, they're going to finish this up. a popular mexican american singer is missing. she just performed at a concert in mexico last night. what happened after she boarded a plane. two years ago, the people of bp made a commitment to the gulf.
bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger.
that plane they say lost contact with air traffic controllers out of l.a. we're going to have more on the search for her next hour. former south after canning president nelson mandela has spent his second day in the hospital. the 94-year-old was rushed to the hospital yesterday for tests. here's the details. >> reporter: south african president said in a very short statement on wednesday that he had visited with nelson mandela and said that mandela is comfortable and under good care. mandela is undergoing tests but the south african public is not being told what those tests are and what his condition is. he was flown yesterday, saturday from his rural home in the eastern cape region to victoria, this is a two-hour flight and understandably doctors must have
felt that he needed some sort of treatment at this hospital. so south africans still waiting for news and understandably, he's very loved in this country. >> one is never willing to let go and say goodbye. so yeah, we wish him good health, continued good health. >> i think he was the hope of our future and for him to be ill now, we understand that he has had a lot of stress in his life and it's very saddening. be we all do love him. he was the hope of our future. >> reporter: so as mandela spends another night in hospital, it's unclear when he will leave and if shorts will give anymore information on his condition. allison? >> and this programming note, cnn's soledad o'brien provides provocative information about race.
the pictures of 2012, we'll tell you the stories behind some of the most powerful images of the year. [ nyquil bottle ] hey tylenol, you know we're kinda like twins. [ tylenol bottle ] we are? yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. [ ding! ] losing your chex mix too easily? time to deploy the boring-potato chip decoy bag. then no one will want to steal the deliciousness. [ male announcer ] with a variety of tastes and textures, only chex mix is a bag of interesting. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger.
so when you look back on 2012, what do you remember? what people will stand out in your mind? >> allison, i've got to tell you, these pictures are really phenomenal. let me just show you some of the most amazing shots of the year. this takes you all the way back to the beginning of the year. this is big ben at new year's. this is the costa concordia, when they had that horrible accident in january. this one a lot of people missed at the time. beautiful picture of someone riding a horse through a village in spain in honor of the patron saint of animals.
this figure here -- this one absolutely striking, stunning photo, gabby giffords hugging the house cloak room attendant when gabby was resigning officially from senate. this is a tibetan monk who was in exile setting himself on fire in protest. let's just show you one more here, here's a rescue worker carrying a child in china after some earthquakes that had occurred back to back right there. now these are just some of what you can see on cnn.com as we look back at 2012. another spread we have got for you right here, and these are some of the best sports photos of the year, and i won't give you the stories behind them, because i'm going to consider this a tease to push you to the
web. a chance to vote on the most intriguing person of the year. we have got some interesting choices up here. some of the kind of obvious people, like chris christie, you can pick any face, you can drag it over, say which ones you think are most intriguing. you've also got gabby douglas, david petraeus and we'll be announcing who you think are the most intriguing people. everything's linked up for you at facebook and twitter, and at the blog c nrks nrnn.com/josh. this year just flew by, doesn't it? >> the years always fly by. enjoy every moment, josh. did you toe the romneys, they were spotted in vegas last night, josh. >> really? >> they had nothing to do with politics actually. that's just one of the stories that are trending right now. ch? yeah, sure you can. great. where's your gift? uh... whew.
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look, look what's trending online. former presidential candidate mitt romney and his wife ann were in the middling when juan manuel marquez knocked up manny pacquiao last night. romney was seeven seen shaking hands with pacquiao wishing him well before the fight. and the rolling stones rocked brooklyn, the iconic rock band performed at the barkley center last night. it's their first u.s. show marking the band's 50th anniversary. i'm going to be back at the top of the hour, and i have the story of why a middle school got into a fight. and a profile of how i keeps
driving one of the nfl's most successful coaches, joe gibbs. in focus begins right now. one company is threatening to revolutionize retail, dramatically changing how, when and where we shop. >> it's a very secretive company and operating below the radar helps it. >> it's a wolf in sheep's clothing is probably the better way to describe it. how many football coach, nascar guru and now evangelist. >> at some point, i'll probably run out of gas right now. i feel like i got a full tank. >> the third coming of joe gibbs. and endangered species makes a remarkable come back, a
miracle that moves. and sight for sore eyes, the inspiring story of the leader of the band, all on this edition of "in focus." welcome. i'm tom foreman. despite joblessness, low wages and everything bad about the economy. holiday sales right now are looking pretty good. the national retail sales federation predicts when all is said and done, they'll be up about 5% this year. so why are some retailers so worried? because there is a rapidly growing giant out there, gobbling up customers like nothing before. so much so, that this may be one of the last christmases you'll ever see with shopping quite like this. >> reporter: america's holiday mall mania is as traditional as tinsel, consumers spending more
than a half trillion dollars this year will fuel more than a half million seasonal jobs, but the real frenzy is at home, amazon.com. >> what is amazon up to? >> the ambition it seems is to take over the systems of comp assumption. >> barnie jobson a reporter for the financial times has just written a book about amazon's extraordinary rise. >> amazon's sales have been growing about 20% to 30% a year and this is phenomenal when you consider the rest of the retail sector is growing at best 5% a year. there is a question that amazon is really the 800-pound gorilla that has got a big head start. >> so much so that amazon had a hand in more than 20% of all
online sales for 2011, according to forester research. so much that economic analysts say traditional brick and mortar stores like walmart, radio shack and barnes and noble are scrambling to hold on to customer. >> we have seen circuit city, borders the bookstore go out of business largely because of competition with amazon and there are a number of smaller retailers that have closed down because they couldn't compete with m son. >> amazon was started in the mid 19950 to sell books online and made no profit. but it became clear that the founder said his notoriously secretive company had bigger plans. it expanded in the 1990s into electronics, business services, information storage. amazon turned the corner to profitability in 2002 and today amazon is a $100 billon global company. and though basal has declineded
our request for an interview, he recently told for june magazine-snow. >> we like to find is there somebody out there doing some element better than we? two it and if so, how do we improve? >> reporter: while that may be good news for millions of consumers who enjoy amazon's low prices, it is daunting for many businesses, even though that call amazon a partner. >> it's a wolf in sheep's clothing is probably the better wie to describe it. >> this woman is a retail analyst at forester research. she says amazon has a product, find a good product, make a deal to help it market and distribute and then gradually push the par never aside. >> you have seen 189 to 20 ms of growth and it kind of dies because amazon has decided to get into the business of selling goods themselves that were once
your products. that's a common complaint that we often hear. >> if a competitor doesn't want to join, they will start selling a competitor's product even at a los. >> they use a lot of these kinds of products to gain more market share. it's like the expression from the godfather, make them an offer they can't refuse. >> amazon has been aggressively requiring other squlaun line retail online retailers. all of it has led to a practice called show rooming. customers go to the store, look at a product and whip us an iphone and order it from amazon. >> the bricks and mortar stores are paying wages for the staff, but they're not getting the
sales. >> some shopkeepers like rudy who runs the great outdoor provision company in charlotte, still believe they can thrive by focusing on service and by specializing. >> we can't compete with amazon, that's not our business, our business is, you know, a local company that supports local brands, local companies and, you know, you're not going to be able to try a shoe on on amazon. >> but amazon may even be after him. the company now offering same-day deliveries in certain cities. >> it's solving the -- >> amazon sees it very differently. in a written statement telling us that amazon helps more than 2 million businesses and individuals expand their reach beyond their hometowns. to more than 188 million customers around the world. noting that that accounts for almost 41% of amazon's business.
bazeau says he's not revealing more of its tactic. >> i don't think same-stay delivery is ever going to be a huge part of the business. >> but that may be because amazon is once again thinking bigger, using same-day delivery merely as a steppingstone to launching it's own delivery company to compete with fedex and u.p.s. >> amazon's already invested so much in a delivery net work and a fulfillment network i think they believe they're in a position to kind of capture some more of that last mile too. >> amazon is not doing anything wrong in all of this, but it's appetite for buying up businesses worries some people as other stores are consumed, h shrink or are just washed away. >> it's emptying out the heart of some cities.
i don't think that the -- you can see a movement in that direction, and consider this, that online shopping is still only 10% of total retail. >> meaning amazon in all likelihood is just getting started. coming up, fast times and faith. an unstoppable career takes a surprising turn. and the cow that came to dinner. when "in focus" continues. sure don't you? [ nyquil bottle ] dude! [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't.
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if you are the kind of person who thinks the holidays are a good time to slow down, take stock and spend time with family and friends, you might want to steer clear of one man down in the carolinas. he is not relaxing this holiday season. no, after a lifetime of extraordinary achievements, he's taking on a whole new mission, preaching the gospel of never giving up. the racetracks of nascar are a young man's world.
where top speed, quick reflexes and raw power are prized. so what is this man, well past retirement age doing amid the chaos of pit row? the same thing joe gibbs has always done, he's running the show. you are at an age when most people would be content to golf and take it easy. why don't you stop? >> that's a good question. to me, life is so exciting, to me it's always trying to beat somebody in something, competitive. it's kind of been my whole life. we're due one, let's get this thing right here. >> are you as excited got what you do today as you were when you were 20, 25? >> let's go guys, let's get us one here, we're do one. >> i really think i am. >> joe's rise began in the 1980s
when he took the struggling washington red skins a team with few stars and even fewer playoff hopes took the team to not one but three championships, winning the respect of the league and also the fans. >> there's no other fans in the world that would come out on a day like this except in washington, d.c. this is the floor where the cars are stored. >> less than a decade later, he stunned the fans by turning from football to auto racing, setting up shop in his native north carolina with little to no knowledge of what he was getting into. >> i was kind of a novice, and i was scared to death. >> but gibbs applied his formula, work around the clock and hire great people and strive for perpfectioperfection. what is which is what made his greater turn more unusual
because now he's talking more than ever before about losing. >> when you look from the outside, a. a lot of people say he won super bowls and nascar championships, but what they miss when they look at you, they miss the heart aches and the defeats and the mistakes you made. and my life is filled full of them. >> in a book of biblical devoti devotions, begin writes about many of these failures, he was facing private calamities including a bad real estate deal which had him losing $30,000 a month and spiraling into bankruptcy. you made some colossally bad decisions? doids you think there were times that you were going to go broke? >> yes. >> and the startling news which he developed diabetes, which he has now has for two decades.
would wow o'you make the same decision again? >> no, i think that's one of the biggest mistakes i made in live. father, help us today to be at our absolute best. >> always a picture result man, gibbs says he found comfort in his faith. and that is why he is sharing his private trials in this public way. so others can understand his beliefs that even winners lose when they lose their way. >> thank you for pulling for us skins, man. i really want to spend the rest of my life getting out this word. you know, what is the right way to play the game of life? i look at life as a game, you have the players, god's our head coach and we're playing the biggest game of all. >> it's all made him more introspective, more humble. >> i was not a very good athlete, so i spent my whole life, the only awards i ever got were most improveded. >> and more inclined to leave
the office a little earlier for family time. he has eight grandchildren after all. >> if i keep god first after all, if i keep the idea of my family and friends second, then i keep my occupation third, that's when i've found success. >> but make no mistake, joe gibbs still preaches the gospel of winning and he still thinks that's part of god's plan for him too. how much longer do you think you're going to keep chasing championships and coming to the office and competing? >> i think you're asking the wrong guy, you need to ask the lord on that one. because i think at some point, i'll probably run out of gas. right now i think i still got a full tank. man, i'm going. up next, george washington's
cows. some of america's rarest animals in so many ways. "in focus." for more than 116 ye, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars together for your future. to help those affected and to cover cleanup costs. today, the beaches and gulf are open,
tigers. this year they might want to add another, george washington's cow. it is achieving the rarest of feet feats, it's making a come back with a twist. >> reporter: you are looking at one of the rarest, most endangered animals on the planet. the randall line backed cow. they're rarer than panda. there are fewer than 500 left on the planet, not in some far flung area of the world, but right here, on an iconic form in northern virginia. >> this strain is more than 400 years, and this is the only remaini remaining colonial strain in the north. >> this farmer is on a mission to save this historic breed of cattle from going extinct.
>> it's not only the rarest of all cows, but it's an american cow and it's something that has an enormous history connected with it. >> reporter: the cow known for its strength and beauty played a key role in the revolutionary war, helping washington travel miles over rough terrain. but this hearty utility cow with its trademark white stripe down the back, as dwindles in size. it went down to an estimated 15. the randall line back was considered critically endangered. >> it had no survival plan, nobody was interested in it. >> reporter: until henderson came along. >> the dairy cow looks way bony, it's overdone, it's all too much. >> reporter: a self-described conservationist with 500 acres
who knew how to make money in real estate, but had no experience raising cows. >> you could say that i was a sucker for it, or you could say i was a visionary, but i was probably closer to a sucker for it. i mean you cannot look at these cows and tell me they're not beautiful, because they really are. and those little babies, they're the pandas of the cow world. >> reporter: but it's very expensive raising these bovine pandas. >> in all these rare breeds, if they do not have monetary value, they don't survive. you -- looks only takes you so far, right? >> reporter: in the past, they pulled their own weight. but now with no cannons to haul. >> this man to survive must find a job and i think we have found a job and the job is -- it -- >> it is kind of counter
intuitive that to rescue this breed you have to -- >> a pleasure for the pallet and conservation is an extra side dish. many diners would regardly recognize this organic beef far from the marbled steak that american diners crave. >> i don't call it beef, i don't call it veal, because it's not. it's kind of in between beef and vooel, it has a more delicate flavor. but it has a more robust flavor. >> only exclusive chefs like armstrong can get their hands on to the delicate and difficult to prepare meat. >> this animal has got to go to higher end use. >> reporter: what's the most important thing, when you're
saving a cow or that you're creating this new eating experience? >> for me, the most important thing is, you're saving an animal that would otherwise go extinct. i think it's a piece of nature, national beauty that just needs to be kept going. when we return, taking the band on the run, even when the way is not clear. it's got live tiles so all my stuff's always right there in real-time. it's like the ultimate personal assistant. but i'm me, and me needs handlers. so i hired todd to handle it for me. todd, gimme that hollywood news! what's happening on twitter? you're trending! yes! i like you todd. i don't like todd because he's quitting. but now i'm hiring a new todd and it could be you. [ male announcer ] go to workforwill.com and try live tiles, that deliver what you want in real time. only from at&t. rethink possible. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs.
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there is something intrinsically inspiring in people overcoming great adversity and when they do it at a very young age, it's even more impressive. so you can imagine why our dr. sanjay gupta was so captivated by a college student in the midwest who this football season marched to a very different drummer and led a lot of people along the way. ♪ >> reporter: as a drum major from marching ma zs zoo, paul headings is living his dream. it's a new dream, because his original dream of playing professional baseball was disappearing. >> september 7, 2007, just barely into my junior here of high school. >> reporter: the 17-year-old woke up and his world was changing. >> everything was just a little
blurry, it didn't seem like anything was wrong. >> reporter: but something was terribly wrong, his retinas had started to detach in both eyes. >> i could go completely blind and i could go the rests of my life without another detachment. this has happened to my mom, my grandma, a couple of uncles. even my sister is having the same issues. >> reporter: paul on the other hand is now legally blind. >> my left eye has blind spots and my peripheral vision is excelle excellent. >> reporter: he wears a contact lens in his left eye, he can read but not well by scanning book into a computer. he says family friends and music saved his life. >> i just realized that no amount of worrying or being upset or feeling sorry for myself was going to change it.
>> b flat, and -- the only thing that was going to change the outlook of the future was how i approached every situation. so i just strapped up my boots and went to work. >> he made the mazoo drum line first playing symbols and then after an extensive interview process, clinched the drum major spot. most of the band didn't even know he was legally blind. >> he's definitely more than dusted himself of i mean he's set the standard for every drum major i will have in my career. >> i could walk away in here today and something could hatch and i could lose vision. you just never know. so you just try to move on without thinking about that and just do the best you can with what you got.